Page 57 - CTI 79_EN
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 Why does this idea work so   Being ambitious works really
 well, though? First of all, they are   well too, though. Bvlgari, which has
 venturing in one of Japan’s and Asia’s   seen a 150% revenue growth between
 most  cherished  territory:  food.   1997 and 2003, has been taking over
 Asians love good food. The Japanese   all major fashion cities with its Bvlgari
 food culture is backed by centuries   Hotel franchise. Its Shanghai location
 of mannerism and tradition. Partner-  is the epitome of luxury. It is the per-
 ing up with a local chef was Louis   fect representation of the Italian
 Vuitton ’s way to say “We want to do   “dolce vita’ and it shouts it from his
 business,  but  we  see  you.  We  value   rooftop with a skyline view.
 your culture and we will not overshad-  Both Bvlgari and Louis Vuitton
 ow your food culture and put in second   have high end target customers.
 place.” Being humble worked.
 New type of relationship
 It brings in a   By  building restaurants and

 different kind of   hotels, they have improved their
 relationship with existing customers,
 person who wouldn’t   but have also made themselves more
 approachable other audiences: men.
 necessarily be drawn   They may not be on the front line
 when it comes to shopping, but they
 to the shop.  may be keener on taking their wives
 or business partners to a world rec-
 ognized, high end venue.
 Higher middle class customers:
 switching the environment from a four
 stories flagship store to an elegant
 dining location may help brands break
 the barrier high fashion has built
 since its establishment.
 Fashion Maisons are changing:
 haute couture is transitioning to ready
 to wear. Brands are decreasing the
 power distance from their costumers,
 they are becoming more down to earth,
 relatable and approachable, attracting
 a whole new clientele demographic.


















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